Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Add as a preferred source on Google
Australia’s Capex fell slightly in Q3, although this was somewhat tempered by the upgrade to the Q2 result, from -2.5 percent q/q to -0.9 percent q/q. Further, outside of the weakness in construction, the details of the report were positive.
In even better news, the outlook for 2018-19 was revised materially higher. This is important because this release is where firms’ forecasts traditionally become much more accurate.
Non-mining firms now expect their investment to increase 7 percent over the current financial year, which is a much better outcome than the 2 percent growth forecast three months ago.
Even the mining sector is slowly turning around. Gas and oil investment fell a further 8 percent in Q3, likely driven by the Ichthys project fast approaching completion. But iron ore investment rose again, with spending in Q3 more than 50 percent above the Q2 2017 trough.
"Further, mining firms expect investment to fall by just 1 percent in 2018-19, which would be the best result since 2012-13," ANZ Research commented in its latest report.
